IBOA hopeful on bank jobs deal

FINANCE union IBOA has said it still believes the almost 500 voluntary redundancies at Bank of Ireland’s Irish operations will proceed as agreed in spite of rumours the bank may need to negotiate its restructuring with the EU.

Last July management and the union hammered out a voluntary redundancy programme that would see 750 staff leave the bank with an agreed severance package.

Of that total 270 were to come from the bank’s operations in the North and Britain.